BoG cuts policy rate from 21.5% to 18%

The Monetary Policy Committee (MPC) of the Bank of Ghana (BoG) has announced a sharp reduction in the policy rate, slashing it from 18% from 21.5%

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Governor Dr. Johnson Asiama, who chairs the committee, made the announcement at a press briefing in Accra on Wednesday, November 26, 2025. He revealed that the decision was backed by a majority vote from the seven-member committee.

In a Facebook post, Finance Minister, Dr. Ato Forson said

“The Bank of Ghana’s monetary policy easing continues. With inflation now down to 8 percent in October, the central bank has taken another bold step by reducing the policy rate to 18 percent, a deep cut of 350 basis points.”

“This marks a drastic fall from the 27 percent recorded in November 2024.” – He added

The Minister noted that “The move reflects renewed economic confidence, and it means lower borrowing costs, improved access to credit, and greater room for businesses and individuals to grow, invest, and create jobs.
The recovery is clearly strengthening, and it can only get better!”